Q3FY17 Quarterly Results: RBL Bank Ltd.

RBL Bank posted its Q3FY17 quarterly results post market hours today, showing strong performance at both the topline and bottomline levels. The bank's spectacular performance was reflected on the balance sheet, with both advances and deposits showing equally strong growth.

The bank's stock opened for trading at Rs 380.70 and ended the day at Rs 368.35, down by about 2.5 per cent.

The bank's net interest income (NII) was Rs 321.58 crore in the quarter ended December 31, 2016 (Q3 FY17) as compared to Rs 222.44 crore in the quarter ended December 31, 2015 (Q3 FY16), registering an increase of 44.57 per cent. Other Income for Q3 FY17 was Rs.182.26 crore, as against Rs 109.64 crore in Q3 FY16, an increase of 66.23 per cent. Operating profit for Q3 FY17 was Rs 235.11 crore as against Rs.149.18 crore in Q3 FY16, an increase of 57.60 per cent. Lastly, the bank's net profit for Q3 FY17 was Rs 128.69 crore, as against Rs 81.05 crore in Q3 FY16, showing an increase of 58.78 per cent.

RBL Bank, formerly Ratnakar Bank, is an Indian new age bank. The bank is one of the fastest growing private lenders in the country. The bank made its debut on the bourses earlier last year post a super successful IPO. It has registered office in Maharashtra.